May 28, 2020 (Baystreet.ca via COMTEX) -- With a pandemic still making its way around the world, there’s been substantial demand for hand sanitizer. In fact, according to Fior Markets, as noted by Beauty Packaging, demand increased by 1,400% between December 2019 and February 2020. However, that may only be the start of a bigger boom in demand. The global hand sanitizer market is expected to explode from $1.2 billion in 2019 to more than $2.14 billion by 2027.
Demand increased after the Center for Disease Control (CDC) recommended using hand sanitizer with at least 60% alcohol. It’s also been reported that “In the absence of a vaccine or effective antiviral drugs, hand hygiene is a mainstay of efforts to prevent the spread of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that causes COVID-19,” reports Medical News Today. That news is opening a wide range of opportunity for companies like The Yield Growth Corp. /zigman2/quotes/202014329/delayed CA:BOSS 0.00% /zigman2/quotes/200119040/composite BOSQF -6.34% , Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -0.64% , Kimberly Clark Corp. /zigman2/quotes/201766540/composite KMB +1.28% , Clorox Co. /zigman2/quotes/206443229/composite CLX +2.12% , and Kroger Co. /zigman2/quotes/206215053/composite KR +2.88% .
The Yield Growth Corp. /zigman2/quotes/202014329/delayed CA:BOSS 0.00% (otcqb:BOSQF) BREAKING NEWS: The Yield Growth Corp. has successfully completed its first manufacturing run of Urban Juve hand sanitizer spray and is now fulfilling retail and consumer pre-orders. This includes individual consumers, Canadian online retailers and brick and mortar retail stores such as Pharmasave.
The Ultra-Nourishing Hand Sanitizer spray is now available for sale at urbanjuve.com for immediate fulfillment. In addition, the spray has been approved for sale on Amazon.ca and Urban Juve is currently arranging its first shipment to the Canadian Amazon warehouse. Urban Juve’s hand sanitizer is expected to be available for Amazon Prime members through Amazon.ca (Amazon Canada) within two weeks.
“We are excited about the opportunity to partner with leading retailers and distributors, like Amazon and Pharmasave, to put our premium hand sanitizer products into the hands of Canadian consumers,” says Karla Cheon, Yield Growth’s VP, Marketing. “Our sanitizer was thoughtfully formulated with high quality ingredients - no low grade fillers. This is an excellent introduction to Urban Juve for many customers, and allows us to build on the solid foundation of quality products.”
Yield Growth’s wholly owned subsidiary Urban Juve expects 100,000 more hand sanitizer gel units to be manufactured in July. These are for the Canadian and the U.S. market, and Urban Juve is now taking orders from retail chains, including Pharmasave, for these products.
Urban Juve received product licenses for three separate hand sanitizer products from Health Canada’s Natural and Non-Prescription Health Products Directorate. In addition, Urban Juve’s hand sanitizer gel has been approved for sale in the U.S. after successfully listing with the U.S. Food and Drug Administration.
The Urban Juve hand sanitizer gel contains 65% alcohol as well as Aloe Vera, which can help to reduce the side effects that many hand sanitizers cause such as dryness of the skin. It also contains Eucalyptus Oil, which helps improve dry skin by increasing its ceramide content. Urban Juve’s natural hand sanitizer liquid spray contains 65% alcohol, as well as a refreshing and clean blend of peppermint, lavender and orange peel oils, which are known for their disinfecting properties and their ability to promote optimum skin health.
Urban Juve is donating a portion of the sanitizing sprays to aid front line workers at organizations such as PHS Community Services Society, St. Michael's Care Home and Magnolia House.